The Legislature proposes amending the state constitution to create the Oklahoma Vision Fund, which would receive an escalating portion of state gross production taxes beginning with 5 percent in 2020. Additional money could be appropriated to the fund.
The fund would essentially be an endowment managed by the state treasurer. It would be exempt from the constitutional prohibition against investment of state funds in private equities such as shares of stock. Four percent of the fund would be apportioned annually to the general fund.